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J. C. Penney Company, Inc. Message Board

  • AFoolAndHisMoneyShallSoonPart AFoolAndHisMoneyShallSoonPart Aug 22, 2001 9:09 AM Flag

    MAy see some selling today...

    With the news released today about 3rd qtr earnings, we may see some selling today.

    With the estimate being between 11 and 15 cents and analyst expecting 14 cents we may see some profit taking for fear of the number being 11 cents, which would be 3 cents below what is expected.

    Any thoughts?

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    • Actually, I think the selling today is kind of funny. They said the same thing today as they said last week.

      August 14th:

      Questrom added, ``We expect improved third quarter results for Department Stores and Catalog and Eckerd Drugstores compared to their weak performances in last year's quarter. Accordingly, we expect earnings for the third quarter to be in the $0.10 to $0.15 per share range, and continue to expect earnings of $0.30 to $0.35 per share for the year.''

      http://biz.yahoo.com/prnews/010814/datu021.html

      August 22nd:

      "the Company confirmed that it expects earnings for the third quarter to be in the $0.10 to $0.15 per share range and continues to expect earnings of $0.30 to $0.35 per share for the year."

      http://biz.yahoo.com/prnews/010822/daw008.html

      The only difference between today and last week is the analysts raised their earnings expectations from .31 to .34 for the year and from .12 to .14 for the quarter.

 
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